Looking to balance out your exposure to NSLR? The ETFs below have the lowest correlation with NSLR — they tend to move on their own, which can help reduce risk when NSLR drops. The stock ideas table highlights individual companies that behave independently from NSLR.
No Diversifiers Found for NSLR
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NSLR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NSLR and solid risk/return profiles. The least correlated is Capital Southwest Corporation (CSWC) (Financial Services) with a 1Y correlation of 0.29, roughly unchanged from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Capital Southwest Corporation | 0.29 | 0.24 | 0.30 | 70 | Financial Services | |
| AST SpaceMobile, Inc. | 0.31 | 0.21 | 0.24 | 53 | Technology | |
| Rocket Lab USA, Inc. | 0.35 | 0.29 | — | 65 | Industrials | |
| Abrdn Total Dynamic Dividend Fund | 0.43 | 0.33 | 0.39 | 88 | Financial Services |
Build a portfolio that complements NSLR
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